On June 12, Cao Cao Mobility rose 5.97% in regular trading, reaching HKD 36.68 per share with turnover of HKD 138 million, extending a multi-day rally fueled by a series of AI-related catalysts.
The continued upside follows the company's June 9 announcement to establish an independent AI division and recruit a Chief AI Officer with total compensation exceeding RMB 10 million. The role encompasses formulating AI strategy and technology roadmaps, building core AI capabilities, and driving full-chain AI enablement across the business, signaling a comprehensive transformation from a mobile internet platform to an AI-native company.
Adding further fuel, the company announced its integration with ByteDance's Doubao ecosystem, officially launching an AI ride-hailing beta feature. Users expressing travel intent during natural conversations with the Doubao app can have their requests automatically routed to Cao Cao Mobility's service, enabling seamless route planning, vehicle recommendation, and fare estimation. Doubao currently has over 300 million monthly active users, opening a significant new customer acquisition channel. The company was also recently included in the HKEX Tech 100 Index, and management demonstrated confidence through a HKD 1.9 million share buyback on June 10.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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